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Normal 61761
1001 Sheridan Road
$222,500
● House - Off Market

1001 Sheridan Road

Normal, IL 61761
bedrooms
3 Beds
bathrooms
1 Bath
square feet
2,184 Ft²
$1,434
Est. Monthly
10.64%
Cap Rate

About This Property

Three bedroom, one bath ranch in quiet neighborhood with beautiful original hardwood floors. Beautifully updated kitchen with cabinets to the ceiling, stove, dishwasher and refrigerator stay.  Heated and insulated extra deep one car garage has been re-wired and has an abundance of outlets. Partially finished basement with egress provides numerous options for additional living space! One end of finished area could easily be walled off for a 4th bedroom. Fenced yard with patio to relax and enjoy the evenings.  Centrally located and close to schools, shopping, restaurants, grocery stores and the Constitution trail!    Updated windows, newer garage door, HVAC replaced in 2017.
Unit Size
2,184 Ft²
Days on Market
-
Land Size
-
Price per sqft
$100
Property Type
House
Property Taxes
$358
HOA Dues
-
Year Built
1961

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1961
  • Effective Year Built: 1961
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 3
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 8
  • Basement Area: 1,092
  • Garage Type: 7
  • Garage Square Area: 364
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,102
  • Lot Size Depth Feet: 1,230
  • Lot Size Frontage Feet: 740
  • Total Building Area: 2,184
  • Building Area: 1,092
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 1,092
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: 1ST ADD ROBINWOOD HTS
  • Land Acres: 0000000213
  • Standard Land Use Code: 1000
  • County Land Use Code: 0040
  • Legal Description 1: 1ST ADD TO ROBINWOOD HTS LOT 58

Neighborhood

  • School District Name: McLean County Unit School District 5
  • Census Tract: 000502

Zoning

  • Zoning: R-1A

Geography

  • District: 30
  • Parcel: 14-34-203-005
  • Lot: 58
  • Meridian: SEC 34 TWN 24N RNG 02E
  • Municipality: NORMAL
  • Latitude: 40.502
  • Longitude: -88.9677

    Address

  • Full Address: 1001 Sheridan Rd
  • Address - House Number: 1001
  • Address - Street Name: Sheridan
  • Address - Suffix Type: Rd
  • State: IL
  • City Name: Normal
  • Carrier Code: C048
  • 4-Digit Zip Code: 4050
  • Zip Code: 61761

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $373,972
  • Tax Rate Code Area: 3001

    Appraisal Valuation

  • Standard Deviation: 0.2079
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 71
  • Final Value: 198,541
  • High Value: 239,837
  • Low Value: 157,244

    Market Valuation

  • Market Total Value: $142,893
  • Market Land Value: $31,599
  • Market Improvement Value: $111,294

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $47,631
  • Assessed Land Value: $10,533
  • Assessed Improvements Value: $37,098
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Normal

Stats & Trends

Median Asking:

$275,000

Sale Price/ft²

$121

Below Asking

0.01%

Average Days on Market

43

Average Home Size

2130 ft²

Average Home Age

40 years

Currently For Sale

44 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

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MRED

Listed by: Karen Wilson, Coldwell Banker Real Estate Group
Data Source: MRED, MLS# MRD12409825
All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

Frequently Asked Questions

When was property at 1001 Sheridan Road built and last sold?
The property at 1001 Sheridan Road was built in 1961 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 1001 Sheridan Road is $0.
What are some comparable homes to 1001 Sheridan Road?
There are currently no comparable homes to 1001 Sheridan Road.
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